Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Athaporn served as Head of Research for UOB and ANZ in Thailand and was an award-winning telecoms analyst at UBS in 2010 (AsiaMoney Thailand category) and Regional Strategist for DMG in Singapore. Prior to that, he also served as Kasikornbank credit analyst and scholar. He has a total work experience of 22 years, of which 19 were in research and 9 in research management roles. He started his career as an engineer for PTT and currently manages family investments. He holds an MBA from Stern (NYU) and CFA Charter since 2006.

Apart from IPO Radar, which focuses on future listings, MCorp Review also performs financial advisory services for TKC Services and provides 11 other on-going thematic series ranked by frequency in descending order, namely:

1) Snippets (news-driven);
2) Sathorn Series (financial services);
3) Silicon Stories (technology); 
4) Thai-Coons (billionaire origin series);
5) Reality Check (data-driven, investigative);
6) Thai Media Spotlight;
7) Political Pit Stop; 
8) Telecom Review; 
9) Thai Macro Watch (read-through from foreign events);  
10) Small Cap Diary; and
11) Property Grid

There are also 3 limited-time series driven by specific events or locations, namely:
1) Thai Corona Crisis;
2) South Series; and
3) Mechanics and Details (deal forensics).

Five Strategies Favored by Thai Conglomerates and Tycoons

Sector Briefing: Beer in Vietnam (Production, Imports and Exports + Competitive Landscape) - Part 2

Sector Briefing: Beer in Vietnam (Trends) - Part 1

Asean (Thailand) Focused Independent Research

M Corp Review

M Corp is led by Athaporn Arayasantiparb who served as Head of Research for UOB and ANZ in Thailand and was an award-winning telecoms analyst at UBS in 2010 (AsiaMoney Thailand category) and Regional Strategist for DMG in Singapore. Prior to that, he also served as Kasikornbank credit analyst and scholar. He has a total work experience of 17 years, of which 14 were in research and 4 in research management roles. He started his career as an engineer for PTT and currently manages family investments. He holds an MBA from Stern (NYU) and CFA Charter since 2006. Apart from IPO Radar, which focuses on future listings, MCorp Review also provides six on-going thematic series ranked by frequency in descending order, namely: 1) Silicon Stories (technology) 2) Sathorn Series (financial services) 3) Thai-Coons (billionaire origin stories) 4) Reality Check (data-driven, investigative) 5) Thai Media Spotlight; and 6) Thai Macro Watch (global market drivers).

Thematic (Sector/Industry)

Thailand Beverages / Thematic (Sector/Industry)

A dozen deals! In this review, we look at six listed deals and six non-listed deals that remade Charoen's TCC Group in the last five years. Known for his flagship company Thai Bev's Beer Chang and a property empire said to be larger than the royal family's, Charoen's deals have been so "in your face" that they can no longer be ignored. If you think books, TV, and industrial estates were safe from the second biggest checkbook in Thailand, think again!Though one rank behind CP Group, Charoen has been far more audacious. The largest deal ever attempted by a Thai company, the US$11.2bn takeover of Singapore's mighty F&amp;N, and the biggest deal in 2016, 3bn euros for hypermarket giant Big C, that's all him. Oh, and don't expect him to slow down just because he's 73 and has US$19bn to his name...he's just getting started. Up next: One Bangkok (said to be such a large private enterprise it could stimulate commercial property segment in Thailand) and SHREIT, an IPO we believe could be really hot in 2018....like doubling in value over time.

A dozen deals! In this review, we look at six listed deals and six non-listed deals that remade Charoen's TCC Group in the last five years. Known for his flagship company Thai Bev's Beer Chang and a property empire said to be larger than the royal family's, Charoen's deals have been so "in your face" that they can no longer be ignored. If you think books, TV, and industrial estates were safe from the second biggest checkbook in Thailand, think again!Though one rank behind CP Group, Charoen has been far more audacious. The largest deal ever attempted by a Thai company, the US$11.2bn takeover of Singapore's mighty F&amp;N, and the biggest deal in 2016, 3bn euros for hypermarket giant Big C, that's all him. Oh, and don't expect him to slow down just because he's 73 and has US$19bn to his name...he's just getting started. Up next: One Bangkok (said to be such a large private enterprise it could stimulate commercial property segment in Thailand) and SHREIT, an IPO we believe could be really hot in 2018....like doubling in value over time.

Golden Land Property Development (GOLD TB)

TCC Group: The Man With the Iron Wallet